Deep Jaggi appointed as CEO of Indostar Capital Finance after R Sridhar quits

R Sridhar will continue as the Vice President of IndoStar till the end of his five-year term on 17 April 2022. Sridhar joined the company in April 2017 as Executive Vice President and CEO.

“In the last five years, R. Sridhar has led the transformation of IndoStar from a corporate lender to a retail-focused financier and has steered the organization through a challenging period as a result of COVID-19,” it said.

In his role as Chief Business Officer, Jaggi has been responsible for the overall retail business development and collections. Under his leadership the retail trade has established a pan-India presence by pooling resources in the North and Eastern regions.

Bobby Parikh, Chairman, IndoStar said, “With this transition, we are paving the way for a smooth leadership transition. We thank Sridhar for his contribution and believe that IndoStar will benefit greatly from Deep’s extensive retail lending experience. We wish Deep and Sridhar all the best.”

R Sridhar, Vice-Chairman, IndoStar said, “Deep has not only been an effective Chief Business Officer but has also proven himself to be a successful leader. He is the right choice to lead the next phase of IndoStar’s growth and scale up. I wish him all the best for his new role.”